Is Xiaofu's loan a fraud?

Whether Xiaofu borrows money is fraud needs to be evaluated according to the specific situation. As we know, Xiaofu Loan is a non-bank institution that provides short-term loan services and fast loan services for consumers. However, similar informal lending business may have risks, which require consumers to carefully evaluate and choose.

If Xiaofu Loan has one of the following circumstances, it is recommended to carefully consider whether there is fraud:

1. Commitment of excessive interest rate: If the interest rate borrowed by Xiaofu is much higher than the market interest rate or the interest rate of other legal financial institutions, or the commitment can solve the problems such as bad credit record or non-proper relationship loans, it is suggested to carefully consider whether there is the possibility of fraud.

2. Use opaque presentation: If the introduction or marketing of products or services borrowed by Xiaofu is false or misleading, such as false propaganda or misleading information, it is recommended to be vigilant.

3. Ask for payment or deposit first: If Xiaofu asks for payment or deposit first, he needs to be treated with special caution. Because legal loan business should not require consumers to pay fees and deposits in advance.

In short, if you are worried about the legal qualifications and business norms of Xiaofu Loan, I suggest you take the exam.